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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 411.93

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Dec 24 4:00 PM EST

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arun gera

To: marcher who wrote (129360)	1/30/2017 7:22:33 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) of 218700

I think there's a huge misconception that education in other nations is better than that in the US. When a company in Silicon Valley hire an engineer from one of the Indian Institute of Technology campuses, they're hiring the very brightest people in India. With a population 4X larger than the United States, I think it's reasonable to expect there would be 4X as many very bright people in the entire population. But you can't make a silk purse from a sows ear. For every extremely bright citizen of India there's plenty of dull ones as well. I'd be very surprised if India is better at educating dull people than America is. As a very old proverb says, You can't make a silk purse out of a sows ear. When I was in my final weeks at UC Berkeley I saw a sign for the GMAT, the admissions test for graduate business school, and on a whim went in, paid the fee and took the test. I scored in the top 1% of all MBA applicants. For every person who scores in the top 1% of the GMAT I'd assume there's 99 people who don't. When interviewing I found most potential employers accepted my GMAT test score to be equal or superior to having actually obtained an MBA in terms of pay and opportunities they provided. I made far more than two friends I knew who later obtained their MBAs from Harvard. And why wouldn't this be the case? Do you want one of the brightest people working for you or do you merely want someone who sat for an MBA at a top school? The school system in the United States provided me with an education, but it didn't make me smarter and it didn't force me to continue learning. An 18 year old young nephew of mine is as good at languages as I am, but of course at this point he only speaks English and is fairly fluent in Spanish he learned at school. While I was teaching him some German I pointed out that he has to remember that he's in Grade 12 while I'm in Grade 55 and learning takes time. He like that a lot.

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